The Kanal Istanbul project is set to significantly impact Istanbul's transportation and urbanization. With new urban areas opening up, major contractors like Renaissance Holding are presented with new opportunities.

Following the arrest of Istanbul's mayor Ekrem İmamoğlu, the Kanal Istanbul project has resurfaced. Plans indicate the construction of at least 6,000 luxury residences linked to this project.

With the new urban areas, at least 25,000 new customers are expected for this project. Renaissance Holding will benefit significantly from the annual guarantee of 150,000 vehicle crossings.

The Ministry of Transport and Infrastructure has extended the operating period for Renaissance Holding, increasing the annual vehicle guarantee. This development is seen as a significant boost to the company's profits.

In conclusion, the Kanal Istanbul project and new urban areas are set to greatly influence Istanbul's transportation and economic structure, offering new opportunities for both investors and city residents.